December 14, 2016 by: Robin Harding in Tokyo Optimism at Japanese companies is on the rise for the first time in 18 months after Donald Trump’s election as US president breathed new life into the country’s drive to escape deflation. The Bank of Japan’s closely watched tankan index for large manufacturers rose from +6 to +10 in December, the first increase since the second quarter of 2015, […]
When Liev Schreiber visited The Washington Post for a sitdown with Executive Editor Marty Baron, the veteran newsman tried to keep it quiet. Baron hadn’t told anybody the award-winning actor was there to talk with Baron before portraying him in “Spotlight.” But, since it’s a newspaper, word got out anyway. People streamed by Baron’s office, “including a woman who went by the first time with her hair […]
When the bill was considered by the full committee in December 2012, Schumer, who eventually voted in favor of the bill, nevertheless echoed concerns of the tech companies, saying it “still needs a lot of work to assuage the concerns of tech innovators.” Sen. Grassley, who also voted for the measure, said he had the same worries, saying the bill needed to address industry concerns that it […]
By Patricia Zengerle | WASHINGTON WASHINGTON U.S. Senate Democrats plan to enlist accountants and legal experts to pore through the business records of Exxon Mobil Chief Executive Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, Democratic aides said. Tillerson could face a rocky confirmation process, given concerns among both Democrats and Republicans about his ties to Russia. If Tillerson can overcome the skepticism of Republicans, […]
WASHINGTON — The Obama administration has deepened its rift with its Gulf allies over the ongoing conflict in Yemen, blocking a transfer of precision munitions to Saudi Arabia because of concerns about civilian casualties that administration officials attribute to poor targeting. Administration officials said on Tuesday that the White House had made the decision to block the sale by Raytheon of about 16,000 guided munitions kits, which […]
In a massive (in a literal sense, printing at 25 pages and over 8,000 words as there is little new information revealed in the piece itself) expose issued by the NYT tited “The Perfect Weapon: How Russian Cyberpower Invaded the U.S.” and meant to piggyback on the WaPo’s recent reporting and solidify the left-leaning media’s case that Hillary lost the election, the New York Times try to […]
By Matt Spetalnick and Timothy Gardner | WASHINGTON WASHINGTON President Barack Obama will make his case directly to President-elect Donald Trump not to derail the recent U.S.-Cuba detente, the White House said on Tuesday, insisting that “turning back the clock” would be damaging to American interests and the Cuban people. Ben Rhodes, Obama’s deputy national security adviser, said the outgoing administration hopes to persuade the incoming Trump […]
newslide Dubai set to become online creation hub Dubai is set to join the world’s leading ‘content creation’ hubs following the revelation at Diff 2016 that YouTube is set to open a YouTube Space in Dubai Studio City. What is a YouTube Space, I hear you ask. According to Jamal Al Sharif, head of Dubai Film Commission and Dubai Studio City, it is everything the UAE needs […]
It’s rare for a court to prohibit a newspaper from writing about something — even when it implicates national security — and even rarer for such an order to be upheld. Lawyers for New Jersey battling a local newspaper in court say in their case, their demands for prior restraint should trump the tallest of First Amendment […] (via WSJ)
13 December 2016 Dubai, United Arab Emirates – DAMAC Properties today announced that it has awarded 15 major construction and consultancy contracts valued at AED 1.26 billion during the period between August and November 2016, bringing the total value of contracts awarded so far in 2016 to AED 6.51 billion for projects in Dubai and the UK. The awarded contracts are for the provision of services related […]
By Marc Jones | LONDON LONDON A quarter of a century after the collapse of the Soviet Union, life satisfaction in Russia and other ex-Soviet states remains stubbornly low, and enthusiasm for democracy and open market economics is wavering, a survey published on Tuesday showed. The study found that only 15 percent of Russians think their households have a better quality of life, compared with 30 percent […]
Investors are making a record bet on global bank shares following the US election, according to a new survey of institutional money managers that also highlights the risks to the sector if Donald Trump fails to deliver faster economic growth. The allocation that investors made to bank stocks this month climbed to a weighting of 31 per cent above their benchmarks, up from 25 per cent in […]
By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump named the head of Exxon Mobil Corp (XOM.N), Rex Tillerson, as his choice for U.S. secretary of state on Tuesday and won backing from some Republican foreign policy figures ahead of a possible Senate fight over the oilman’s ties to Russia. The Exxon CEO potentially faces difficulties getting confirmed in the Republican-controlled Senate. Some lawmakers worry about his […]
IBM Chief Executive Ginni Rometty pledged to hire and train workers in the United States ahead of a Wednesday gathering where she and other technology executives will meet with U.S. President-elect Donald Trump. “We have thousands of open positions at any given moment, and we intend to hire about 25,000 professionals in the next four years in the United States,” Rometty said in a USA Today editorial […]
By Eric M. Johnson A 20-year-old British tourist who prosecutors say caused a security scare at a Donald Trump campaign rally in Las Vegas by trying to wrestle a gun from a police officer was sentenced on Tuesday to a year and a day in prison. Michael Sandford, was sentenced by U.S. District Judge James Mahan in Las Vegas after pleading guilty in September under a plea […]
Iran has told its scientists to start developing a nuclear propulsion system for shipping, in what it says is a response to the extension of US bilateral sanctions against Tehran. The US Senate voted this month to extend the president’s authority to impose financial sanctions on Iran for a further 10 years. The Islamic Republic regards the move as a breach of last year’s nuclear agreement between […]
By Dustin Volz | WASHINGTON WASHINGTON More than 100 employees of technology companies including Alphabet Inc’s (GOOGL.O) Google, Twitter Inc (TWTR.N) and Salesforce pledged on Tuesday to not help U.S. President-elect Donald Trump’s administration build a data registry to track people based on their religion or assist in mass deportations. Drawing comparisons to the Holocaust and the internment of Japanese Americans during World War II, the employees […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across an interesting article from Paul Lim via Time giving several reasons why the stock market will “rise for a ninth straight year.” “For ordinary Americans, 2017 is likely to feel like the best year economically since the Great Recession. The recovery is finally expected to trickle down to you in the form of […]
Low interest rates pose one of the biggest threats to the US economy and expose investors to the potential for heavy loses from a price shock across a range of markets, according to an independent arm of the US Treasury. The concerns are raised in the Office of Financial Research’s annual financial stability report to Congress, which concludes that threats to stability remain “in a medium range”. […]
By Sebastien Malo NEW YORK (Thomson Reuters Foundation) – New York City’s Times Square has long been famous for its neon advertising, giant billboards and characters dressed up as anything from Mickey Mouse to the Statue of Liberty. But in the past couple of weeks a look-alike of Vice President-elect Mike Pence has been attracting the attention of passersby in one of the city’s busiest areas. New […]
Law Blog rounds up the morning’s legal news: Trump tariffs: Trade lawyers said President-elect Donald Trump would have unilateral authority to impose tariffs on goods an offshore U.S. company brought home, but any attempt to use it would likely face challenges in U.S. courts and international tribunals. [WSJ] SCOTUS declines Greenberg appeal: The Supreme Court […] (via WSJ)
Russia’s rouble has cemented its position as the best-performing currency of the past three months, enjoying the benefits of a strong oil price at a time when the US appears to be tilting towards a more accommodating relationship with Vladimir Putin. A 2.3 per cent rise in the rouble’s value against the dollar on Monday was followed by a further half per cent gain during Tuesday trading. […]
By Gabriela Baczynska | BRUSSELS BRUSSELS The European Union will not pay towards rebuilding post-war Syria if Moscow and Damascus leave no space in the future for opposition to President Bashar al-Assad’s government, according to a draft joint statement from the EU’s 28 leaders. For weeks, Syrian, Russian and Iranian firepower has pounded rebels – including those backed by the West and Turkey – in what was […]
Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve’s two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed’s target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed’s statement and economic forecasts for […]
